Structural reforms and long-term growth – a model based analysis

A.F. Gouveia, Ana Filipa Fernandes

Research output: Contribution to journalArticle

Abstract

This paper assesses the impact on potential growth of selected structural reforms
foreseen in the 2017 Portuguese National Reform Programme. Relying on
QUEST III, a dynamic stochastic general equilibrium model with semiendogenous
growth developed by the European Commission, we focus our assessment on four areas: educational attainment, incentives to innovation, employment incentives and financing of the economy. The estimates show that the implementation of the selected reforms could bring significant long-term gains in terms of potential growth, derived from a boost in investment, improvements in productivity and employment growth.
Original languageEnglish
Pages (from-to)35-46
JournalBoletim Mensal de Economia Portuguesa
Issue number9
Publication statusPublished - Sep 2017

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